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So I have a few questions: What is the issue that you want to resolve? Trying to avoid cancellation fee? what kind of option trades do you do? Mostly long? spread? Like for my case, 95% of my trades are naked calls and puts. What does usually happen that you try to change your order? Does the...

Yes it has happened to me cases that both orders went through and sometimes I closed the second position with a little bit of profit or loss. I am always by my PC and watching my orders with 10 eyes so when the first order goes through, I go ahead and cancell the first order if it is not already...

Kevin, you made my job easy. Thanks :) I have paid $7000 for commission this year and I have only less than $2 cancellation feel for the whole year. Last year it was about $20. I have paid $1000 interest on margin and I have cancelled at least 200 orders. So you see cancellation fee for an...

When you want to change your order because your order will not get filled, don't cancel the first order. Just put the new order and after the new order gets filled, then you might decide to cancel the fisrt one if you think there is a change to get it filled. If IB cancels your first order after...

Unbelieveable but it seems that there is still a chance of YHOO going above $16 today. Lots of buyers for Call 16 expiring today at 1 cent. I know they are covering(as short calls should be a little nervous) but no one is selling them.

A possible trading idea is to sell 16 Call for July 13 and buy Call 16 for July 20th for a debit of 15 cents. maximum loss is 15 cents per share. Profit is unlimited (theoritically). In practice you might turn your 15 cents into a buck in two weeks.

Time : 10:19 AM ET on Friday. YHOO is trading at 15.79. Again it has falled into a great buying range. Swing trading target is $16 and one month target of $17.

Merrimack, NH.

Money doubled in one trading day from 5 cents to 11 cents. We are taking profit.

Market is up big today but the volume on the stocks are super-ultra low.

Time : 10AM Friday 6/29. YHOO is at 15.69. Buying weekly Call 16 for 5 cents makes sense. Limited loss. Good possible reward. Bid/ask was 0.04/0.05 when I posted.

Time proves that I am right on my trading idea on YHOO. It is still not late to get into that trade. Expect a big pop in YHOO soon.

By the way, consider that 3K something gone soon. Like 80% chance that you will blow up your account which should be Ok. If you think the other way, please don't trade. I hope you win.

You are right but not 100%. Cash account has its own annoying rule. Let's say you have 10K and buy 10K of stock X and sell it at 11000 and then one hour later you buy 10K of the same stock and sell after one hour. This way, you have violated trade settling rule. The first trade was fine but the...

hypotheically speaking, will you pay 2K a month for that?

Yes my account is big and my account is also set to pay low commission but my aim is not only rebate. I have learnt that concentrating on a few stocks pays off better than jumping into new stocsk every day. I am also in YHOO in my 401K and my return YTD is 9.7% (you know that you cannot use...

It closed at 15.74 yesterday. Lets' take just now's price which is 15.51. 10, 50, and 200 day moving averages are 15.48, 15.35, and 15.34 which the current price is above those 3 moving averages and yes I still say YHOO is in uptrend.

S&P is down 1.6% and YHOO is down 0.9%. I see a short term relative strength in YHOO. Watch for a pop in the next few days if the market allows.

My trade idea shows that I believe YHOO will be a little over $16 and I don't expect it go anywhere near 10 ot 20. Throwing yourself in front of the car was a good analogy.